Chief Financial Officer - Los Angeles, United States - Hilton Los Angeles Universal

Description

Job Description

Job Overview

The Chief Financial Officer reports directly to the President & Chief Executive Officer (CEO) with a dotted line to Chairman of the board, and is responsible for managing the financial operations of the organization, ensuring the organization's financial health and sustainability. The CFO will have a strong background and track record of financing construction projects and acquisitions through banking relationships, and experience in real estate. This role will oversee all financial reporting, budgeting, forecasting, financial analysis, annual audits, taxes and compliance requirements. The CFO will work closely with the accounting team to develop and implement financial strategies that support the organization's mission and goals.

Duties and Responsibilities

• Assist with project financing and capital raising efforts.
• Lead financial due diligence for potential commercial loans, acquisitions, and strategic partnerships.
• Supervises the development and implementation of financial information and control systems, including profit and loss statement, budgeting, cost allocation, and other subsystems.
• Supervise the Director of Centralized Accounting, manages and oversees preparation of Profit & Loss statements, balance sheets, and cash flows and surplus cash.
• Develop and implement financial strategies to support the company's growth objectives and drive profitability.
• Provide leadership and guidance to the finance team, including the Director of Centralized Accounting, to ensure accurate monthly financial reporting, budgeting, and forecasting.
• Manage cash flow and working capital to support ongoing operations and growth initiatives.
• Oversee the preparation of monthly and other reporting to the board and the lender and manage preparation of annual financial statements, audits, tax filings, and regulatory compliance to ensure accuracy and compliance with applicable laws and regulations.
• Collaborate with other members of the executive team to develop and execute strategic business plans and initiatives that accelerate value.
• Assess and mitigate financial risks through effective risk management strategies and internal controls.

Essential Job Functions

• Team Member must have a strong working knowledge of GAAP, as well as regulatory guidance.
• Commitment to stay abreast of all new technical accounting pronouncements to ensure that internal accounting policies and processes are current and GAAP conforming.
• Must have excellent oral, written, and personal contact communication skills, including the ability to maintain effective communication and professional working relationships with senior management and staff.
• Must be able to manage multiple tasks and set priorities and possess strong organizational skills and have a thorough knowledge of banking regulations, bank products and policies.
• Must be a self-starter and dependable with strong attention to detail, organizational skills, accuracy.
• Desire and ability to work as part of a team.
• Analytical thinker who detects problems and errors in a timely manner.
• Ability to make sound business decisions.
• Possessed good judgment, ability to accept responsibility, set priorities and handle multiple priorities.
• Willingness to assume additional responsibilities/ duties/ projects as they arise.
• Computer skills - excellent skills and experience Excel, Microsoft Office PC software, etc.

Qualifications

• Degree in Finance, Accounting, or related field; MBA or CPA preferred.
• Minimum of 15 years of progressive experience in financial leadership roles within the banking and/or hotel, mixed use real estate, and construction development services industry.
• Strong command of financial planning and analysis, financial reporting, and accounting principles; experience with and understanding of bank financing and required covenant and regular reporting preferred.
• Demonstrated ability to develop and execute financial strategies to drive growth and profitability.
• Excellent leadership and interpersonal skills, with the ability to build and motivate high-performing teams and effectively communicate financial results.
• Proven track record of success in managing financial operations, optimizing cash flow, and maximizing shareholder value.
• Strategic thinker with the ability to translate financial data into actionable insights and recommendations.
• Experience with similar or adjacent service industries preferred.

Physical, Mental and Environmental & Technical Demands

Fast paced environment, multiple tasks to be handled under time constraint. Must be able to handle a heavy business volume, sensitive and confidential situations in a timely manner. Must be able to work independently. Ability to read, write, speak, and understand English. Must be able to bend, crouch, kneel, and twist in the work area. Must be able to maneuver around property. Must be able to sit, walk and stand for prolonged periods of time. Must be able to operate a computer, telephone, and copier. Must have manual dexterity to operate all office equipment. Experience with M3 accounting, ADP payroll, or similar database systems. Proficient in advanced excel with lookup and algorithm formulas.

Grooming

All employees must maintain a neat, clean, and well-groomed appearance. Specific uniform guidelines and/ or required articles of clothing will be explained to you as part of the orientation process.

Schedule

The work schedule is based on the demands of the business you must be available days, nights, weekends, and/or holiday availability are required.

Standard Specification

Requirements are representative of minimum levels of knowledge, skills, and/or abilities. To perform this job successfully, the incumbent will possess the abilities or aptitudes to perform each duty proficiently.

A review of this description has excluded the marginal functions of the position that are incidental to the performance of fundamental job duties. All duties and requirements are essential job functions.

This job description in no way states or implies that these are the only duties to be performed by the employee occupying this position. Employees will be required to perform any other job-related duties assigned by their supervisor.

The hospitality business functions seven (7) days a week, twenty-four hours a day. In addition, this is a hospitality business, and a hospitable service atmosphere must be projected at all times.

This document does not create an employment contract, implied or otherwise, other than an "at-will" employment relationship.

The statements in this job description are intended to represent the key duties and level of work being performed. They are not intended to be ALL responsibilities or qualifications of the job. This position is classified as non-exempt (per the Fair Labor Standards Act) and is subject to overtime in accordance with Federal and State Regulations.